2011/01/21

(BN) Hungary May Sell $40 Million Carbon Permits by 2012, MTI Says

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Hungary May Sell $40 Million Carbon Permits by 2012, MTI Says
2011-01-21 16:38:43.318 GMT


By Andras Gergely
Jan. 21 (Bloomberg) -- Hungary may raise between 6 billion
forint ($30 million) and 8 billion forint by the end of 2012 by
selling carbon dioxide emission credits , news agency MTI
reported, citing Development Minister Tamas Fellegi.
Half of the planned revenue from the carbon dioxide
allowances may come this year, MTI said, citing a written
response by Fellegi to a member of parliament. Sales of another
type of credit are more difficult to forecast, the minister
said, according to MTI.

For Related News and Information:
Top regional news: TOP EEU <GO>
Top Hungarian news: NI HUNGARY <GO>
Emission market news NI ECREDITS <GO>
Today's top energy stories ETOP <GO>

--Editors: Tim Farrand, Rodney Jefferson

To contact the reporter on this story:
Andras Gergely in Budapest +36-1-475-1177 or
agergely@bloomberg.net.


To contact the editor responsible for this story:
Gavin Serkin at +44-20-7673-2467
or gserkin@bloomberg.net